|By PR Newswire||
|March 6, 2014 03:30 AM EST||
LONDON, March 6, 2014 /PRNewswire/ --
The WOCU®, an independent, composite global currency unit, has been incorporated in the Tradermade Systems Ltd ("TraderMade") charting software.
The WOCU, a registered trademark of WOCU Limited, is an independent, apolitical, elegantly constructed composite currency unit that naturally adjusts to the rise and fall in the prominence of its constituents; the currencies of the World's Top Twenty economies measured by their GDP. The WOCU embraces the success of booming economies and reduces exposure to those that are struggling. It is entirely transparent, trustworthy and is based on real currency values.
TraderMade develops, sells and supports cutting edge analytical software for the global financial markets. It provides real-time market data and proprietary analytics to dealers within leading banks, corporations, financial institutions and individual traders worldwide. It has incorporated the WOCU, an exciting new financial tool, in line with its effort to lead and innovate in this highly competitive niche market.
The WOCU is inherently stable, and delivers greater certainty than any single currency. The WOCU provides for changes in the ranking of the major countries and its structure takes into account any variation in the components of the Euro. In particular it provides a safe haven for FX positions and potentially could act as the global trade reference currency.
Mike Blakey, MD of WOCU Limited said; "WOCU Limited is delighted that TraderMade has recognised the WOCU's place in the FX landscape, and what the WOCU has to offer as a universal and transparent global reference."
David Upton, CEO of TraderMade said; "TraderMade are very pleased to support the WOCU composite, and to include it in our charting platforms. We support the initiatives being undertaken by the WOCU, and consider it a valid instrument to include on our platforms alongside the mainstream FX data we supply."
About The WOCU
For more information on the WOCU including access to live and delayed WOCU prices and charting tools to demonstrate historical comparative volatility rates since 2000 visit our website http://www.wocu.com. For those on the move, a WOCU rates iPhone application is also available; free to download from iTunes.
The WOCU (currency code XCU), a Registered Trademark of WOCU Limited, is a global composite currency derivative covering the World's Top Twenty economies, representing the vast majority of global production. Weighted elegantly by transparent International Monetary Fund GDP figures, the WOCU is a natural "Currency Shock Absorber".
Weighted by IMF published figures and taking in real time exchange rates, the WOCU algorithm outputs WOCU cross rates in real time. The WOCU can be used to reduce risk and assist decision making in saving, investment, international trade, commodity pricing, project finance, international portfolios and indexes, and a host of other applications.
The WOCU is applicable across a huge financial spectrum; trading of goods and services, corporate treasury, asset and fund management, savings and bonds: from whole nations down to individuals.
For full information about the WOCU, access to the free WOCU iPhone app, regularly updated WOCU prices, historical data, charting, go to http://www.wocu.com or call +44(0)203-239-1660 for more details. Banking enquiries: [email protected].
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